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International Consortium of Investors Acquires Napolitana

April 28, 2021 – Ana Custódio

The former industrial complex will entail a total investment of more than 50 million euros, including acquisition and construction.

Napolitana, a former pasta factory in Alcântara, Lisbon, was acquired from Auchan Group by an international consortium of investors, including RFR Holding LLC, CGC, and Artemis Education.

The consultancy Athena Advisers mediated the transaction and represented the buyers in their first acquisition in Portugal.  The industrial complex was built in 1908 in the block formed by Rua de Maria Holstein, Rua da Cozinha Económica and Travessa de Teixeira Júnior. The factory was acquired in 1926 by Companhia Industrial de Portugal e Colónias, operating until 1970.  The site is still considered to be an icon of early 20th century Portuguese industrial architecture in the city of Lisbon.

RFR is one of the largest North American commercial and residential real estate investment, development and management companies, headquartered in New York. CGC is a leading global real estate investment and development company.

The group plans to open an international school on the former factory premises, the first in Lisbon of the Artemis Education Group, which develops new school projects around the world.

The project for the installation of the school foresees the maintenance of the four buildings that make up the old factory complex, with a total area of 12,000 m², and the preservation of the original façades, unique representatives of early twentieth-century Portuguese industrial architecture.  The interior of the buildings will be entirely renovated, and the project includes the construction of a new building.

Translation: Richard D K Turner